Shares end lower on profit-taking activities

SHARE prices on Bursa Malaysia ended the day lower on weak buying momentum as investors booked in profit while awaiting announcement of the new Cabinet line-up, dealers said.

At the close, the benchmark Kuala Lumpur Composite Index (KLCI) fell 11.97 points to 907.87 after opening five points lower at 914.84 in the morning.

TA Securities in its research note said the local bourse extended into profit-taking consolidation today with overnight falls on Wall Street which further dampened market tone.

The KLCI is expected to test the 910-point support for resilience tomorrow, one of the dealers said.

At closing, the Finance Index declined 98.9 points to 6,752.03, the Industrial Index dropped 25.41 points to 2,151.11 and the Plantation Index decreased 30.66 points to 4,731.39.

Of the FTSE-BM Index series, the FBMEmas fell 77.27 points to 5,960.68, the FBM30 shed 74.89 points to 5,826.76, the FBM2BRD rose 7.15 points to 3,961.84 and the FBM-MDQ went down 70.31 points to 2,986.05.

Decliners led advancers by 352 to 144 while 178 counters were unchanged, 571 untraded and 36 others suspended.

Volume declined to 613.012 million shares worth RM945.836 million from yesterday''s 803.731 million shares valued at RM1.22 billion. -- BERNAMA

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